The Azuki Beanz NFT reveal is over. But now, the NFT project is facing tons of accusations of insider trading. In particular, there are pieces of evidence pointing to a holder sniping rare Azuki Beanz hours before the NFT reveal. Looking at the proof shared on Twitter, many believed that there was insider trading prior to the reveal of the Azuki NFT second collection’s art.
Shreds of evidence of insider trading prior to the Azuki Beanz NFT reveal
Thanks to Twitter user @Meta_Morphy, we can see how this insider traded rare Azuki Beanz before the NFT reveal. According to him, one buyer, in particular, sold off 4 common Azuki Beanz NFTs and picked up 2 rare ones at floor prices, hours before the reveal. One of the rare Beanz NFTs, Bean #13716, is in fact, ranked 37th in terms of the rarity, with an asking price of 65.5 ETH on OpenSea right now.
But that’s not all. The same buyer above decided to buy another rare Azuki Beanz NFT, Bean #11901, from the X2Y2 NFT marketplace. This time, he bought the NFT 30 minutes before the reveal. Well, what are the odds of that?
Recently, the same buyer has transferred two of his precious Beanz NFTs (Bean #13716 and Bean #10146). Each of them to a new wallet address. Could this be part of the Azuki Beanz NFT holder’s plans to cover his tracks of insider trading? It seems likely to many.
What did the Azuki team say about this incident?
So far, the Azuki team has not made any comment on this incident. But what if we never get any clear answers on the insider trading related to the Azuki Beanz NFT? Given that there were similar scandals that happened to the Azuki NFT project before, these latest accusations could warrant a response from the team.